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The vagaries of the stock market!!
Wow. Huge sells this morning and sp rises??!!
Good top up opportunity when it turns...
Thumbsup, i never said I disliked unspectacular! I've been watching closely for a few months, and i like what's they are doing. Debt reduced, good divi, market share, aqua optima performing well. They are looking for additional revenues streams which will diversify product mix... I may well have bought in earlier but for the market being spooked by stories of growth slowing etc. Wait to see if sp retreats further...
Totally agree tony. Think they are a bit unlucky to release news on same day as trade/growth fears. Don't understand over 10% drop though on mainly "ahead of ecpectations"...
On face of it positive, if unspectacular. Good debt reduction and market share maintained. Would like to know more about the cost of relocation in China. The week has started on a cautious note...
Hi Mark, Positive update this morning yet sp has fallen?! Like you say, short sellers, plus those bought in at around 70p may be top slicing or locking in profit. Who can blame them in thus period of uncertainty. I was tempted at 98p but am leaving alone for now.
Yes, profit taking along over now. Ex div date not until 28th Feb so will stay on sidelines for now...
£30 by close Thursday...
You have to ask the question, why is this sp not rising despite apparent good newsflow past few months?! Can't blame everything on brexit. Could be retiring director selling as he did hold large position.
Methinks somebody knows something ahead of trading update?! If good news will rocket above 100p, may be back up to 125p level. Where placing was ....
You were right about SHOE... Time to watch on sidelines here for now.
I often wonder the same. Some stocks I've seen huge buying volume all day and no flicker in sp. MM's at play. Regretting not buying in at sub 2200p now. Trading update next week so if positive could see return to 3000p level soon. GLA.
Still rising on nice buying volume. Is 250p achievable now?? Plus ex div date 28th feb
Hold popper. Buy opportunity when sp was below 230p!! Currently in uptrend so not sure we will see that level for a while now...
Think when investors see "falling revenue" they panic and sell, even though there is a logical explanation for why ( explained in trading update ). Could be a tree shake to fill a large buy order, just as much as brexit headlines/negative sentiment today.
Seems not Vulcan. I was expecting a move above 115p, the stock market never fails to surprise! Fantastic and very encouraging trading update.
Yes, and the placing last year has swelled the cash reserves. The amount may look better than it actually is. Like I said, can see this dropping further. Will take a lot for me to go back in, i prefer more stable stocks. 12 months ago I was very bullish here but my confidence has dwindled. I thought they would be closer to profitability by now. Hence my entry point would have to reflect that now. Too rich at the moment.
TMF, terrible drivel!!
Re read trading update and stated cash ahead of current expectations. Which is good. Negative sentiment in markets today and hey presto this drops as per usual. Still think this can go sub 1000p, especially if brexit/trade war news turns further negative throughout the week.